0000950170-24-019268.txt : 20240223 0000950170-24-019268.hdr.sgml : 20240223 20240223142108 ACCESSION NUMBER: 0000950170-24-019268 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240221 FILED AS OF DATE: 20240223 DATE AS OF CHANGE: 20240223 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ASH MENACHEM CENTRAL INDEX KEY: 0001560958 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-16371 FILM NUMBER: 24670126 MAIL ADDRESS: STREET 1: C/O IDT CORPORATION STREET 2: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] ORGANIZATION NAME: 06 Technology IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 4 1 ownership.xml 4 X0508 4 2024-02-21 0001005731 IDT CORP IDT 0001560958 ASH MENACHEM C/O IDT CORPORATION 520 BROAD STREET NEWARK NJ 07102 false true false false EVP of Strategic&Legal Affairs false Class B Common Stock, par value $.01 per share 2024-02-21 4 M false 2293 35.625 A 60167 D Class B Common Stock, par value $.01 per share 2024-02-21 4 F false 829 35.625 D 59338 D Class B Common Stock, $.01 par value per share 2873 I By 401(k) Plan Deferred Stock Units 2024-02-21 4 M false 1667 0 D Class B Common Stock 1667 4999 D Of the 3,333 deferred stock units ("DSUs") that were eligible to vest on February 21, 2024, the Reporting Person elected to vest 1,667 DSUs on February 21, 2024 and to roll 1,666 DSUs to the next vesting date of February 25, 2025. Under the terms of the IDT Corporation Equity Growth Program, due to the market price of the Issuer's Class B common stock in the period prior to the February 21, 2024 vesting date, each DSU that vested entitled the Reporting Person to receive 1.375 shares of Class B common stock. Consists of 15,205 shares of Class B common stock issued upon the vesting of DSUs, 28,962 fully vested restricted shares of the Issuer's Class B common stock ("Restricted Stock"), and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025. Represents shares withheld by the Issuer for tax purposes upon the vesting of DSUs. Consists of 14,376 shares of Class B common stock issued upon the vesting of DSUs, 28,962 fully vested shares of Restricted Stock, and 16,000 unvested shares of Restricted Stock that will vest, and vest in full, only if the Class B common stock closes above $50 per share for 10 consecutive trading days prior to February 25, 2025. As of January 31, 2024. Represents 6,666 DSUs vesting ratably on 2/21/2024 and 2/25/2025, with the recipient having partially deferred vesting on 2/21/2024 to 2/25/2025. The number of shares of Class B common stock that will be issued depends on the Market Price on the applicable vesting date as compared to the Grant Price of the DSUs ($25.41), with no less than 0.5 shares (Market Price less than $12.705) and no more than 2 shares (Market Price greater than $50.82), in 12.5% increments, to be issued for each DSU vested. Upon vesting of all of the DSUs, between 3,333 and 13,332 shares of Class B common stock will have been issued. "Market Price" for each vesting date will be the greater of (i) the closing price for the Class B common stock on the trading date immediately prior to such vesting date, and (ii) the average of the closing prices of the Class B common stock for the 20 trading days ending with the trading day immediately prior to such vesting date. Joyce J. Mason, by Power of Attorney 2024-02-23